Formerly | Khazanah Holdings Berhad (1994–1996) |
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Company type | State-owned |
Industry | Sovereign wealth fund |
Founded | September 3, 1993 |
Headquarters | Kuala Lumpur, Malaysia |
Key people |
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Revenue | |
Total assets | |
Total equity | |
Owner | Government of Malaysia |
Number of employees | 353 (2022) |
Parent | Malaysian Ministry of Finance |
Subsidiaries | |
Website | www |
Khazanah Nasional Berhad (lit. 'National Treasure Limited'; doing business as Khazanah Nasional or simply Khazanah) is the sovereign wealth fund of the Government of Malaysia.[2] One of the largest sovereign wealth funds in the world,[3][4] it was established to invest surplus revenues for Malaysia. Through its investments and activities, the fund seeks to deliver sustainable economic and societal benefit for the nation. This includes achieving long-term risk-adjusted returns across the portfolio, as well as undertaking investments that catalyse new growth areas, strengthen Malaysia’s economic competitiveness, and contribute to priority socioeconomic outcomes.[5]
Headquartered in Kuala Lumpur, it has regional offices in the United States, Turkey, China, United Kingdom and India.[6] Khazanah's portfolio covers a broad spectrum of sectors. Its key focus investment areas include Leisure & Tourism, Banking, Sustainable Development, Healthcare and Consumerism. While it does not receive regular capital infusions, Khazanah relies on its ability to generate returns and tapping capital markets to fund its investments.[7]
Khazanah is a member of the International Forum of Sovereign Wealth Funds (IFSWF),[8] which maintains and promotes the Santiago Principles on best practices in managing sovereign wealth funds. It is also a signatory of the United Nations-supported Principles for Responsible Investment (UNPRI), signatory of the Malaysian Code for Institutional Investors and a member of the Institutional Investor Council Malaysia (IIC), a member of the FCLT Global (Focusing Capital on the Long Term), and signatory of the Malaysian Anti-Corruption Commission's (MACC) Corporate Integrity Pledge.[9]
It is owned by the Malaysian government and administered by the Minister of Finance Incorporated, except for one share held by the Federal Land Commissioner. It is governed by a board of directors comprising representatives from the Government and the corporate sector with diverse professional backgrounds and expertise. In December 2024, the fund has US$36 billion in assets under management.[10] Khazanah is one of the two Malaysia's government-linked investment companies (GLICs) that manages money from the government's excess funds, the other being Retirement Fund (Incorporated).[11]